Interests

Oklahoma energy interests will have a friend in the state’s new Republican governor when she takes office Jan. 10. Mary Fallin, the departing representative from Oklahoma’s 5th congressional district, has been an advocate for home-grown energy and is the incoming chair of the Interstate Oil and Gas Compact Commission (IOGCC).

Magnum Hunter Resources Corp. subsidiary Triad Hunter LLC is acquiring oil and gas properties and leasehold mineral interests in Wetzel and Lewis counties, WV, in the Marcellus Shale from Oklahoma City-based PostRock Energy Corp.

The Colcom Foundation of Pittsburgh, PA, has launched the $1 million Marcellus Environmental Fund to distribute grants to nonprofit organizations “to address the accelerating environmental impact of shale drilling in western Pennsylvania through public education, community engagement, best practices, baseline data collection, ongoing monitoring, land owner guidance and collaborative projects.”

Despite bringing relatively little damage to the United States mainland and energy interests in the Gulf of Mexico, the 2010 hurricane season, which officially ended last Tuesday, was one of the busiest in years, according to weather forecasters at the National Oceanic and Atmospheric Association (NOAA) and Andover, MA-based WSI Corp.

Despite bringing relatively little damage to the United States mainland and energy interests in the Gulf of Mexico, the 2010 hurricane season, which officially ended Tuesday, was one of the busiest in years, according to the National Oceanic and Atmospheric Association (NOAA).

Fort Worth, TX-based Quicksilver Resources Inc. has entered into a confidentiality agreement with a group of investors that includes Quicksilver CEO Glenn Darden, Chairman Thomas Darden and the Darden family-controlled Quicksilver Energy LP. The group may seek to take Quicksilver private.

A regulation proposed last week by the Environmental Protection Agency (EPA) may work in the favor of natural gas interests because it will require power plants to reduce emissions of sulfur dioxide (SO2) and nitrogen oxides (NOx) to meet state-by-state emission reductions in 31 eastern states and the District of Columbia.

Dallas-based Pioneer Natural Resources Corp. on Thursday agreed to sell almost half of its Eagle Ford Shale interests to India’s Reliance Industries Ltd. in a transaction valued at around $1.36 billion.

Dallas-based Pioneer Natural Resources Corp. on Thursday agreed to sell almost half of its Eagle Ford Shale interests to India’s Reliance Industries Ltd. for $1.15 billion.